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SICO.V ·

Silverco Mining Grants Incentive Stock Options and Restricted Share Units

Corporate Updates

Silverco Mining Grants Incentive Stock

Options and Restricted Share Units

Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - Silverco Mining Ltd. (TSXV: SICO)

(OTCQB: SICOF) ("Silverco" or the "Company") announces that it has granted an aggregate of 144,792

stock options (the "

Options

") and 207,355 restricted share units ("

RSUs

") pursuant to the Company's

Omnibus Equity Incentive Compensation Plan (the "

Plan

").

The grants include 42,855 RSUs to directors, 25,000 RSUs and 144,792 Options to officers, and

139,500 RSUs to employees and consultants.

The Options are exercisable at a price of C$10.50 per share for a term of five years from the date of

grant. The directors' RSUs vest on the first anniversary of the grant date. The remaining RSUs and the

Options vest as to one-third (1/3) on each of the first, second and third anniversaries of the grant date,

subject to the terms and conditions of the Plan and the applicable award agreements.

The grants remain subject to the policies of the TSX Venture Exchange.

About Silverco Mining Ltd.

Silverco Mining Ltd. is a Canadian silver producer focused on building a leading multi-asset silver

portfolio in Mexico. The Company owns 100% of the producing La Negra Mine in Querétaro and the

past-producing Cusi Mining Complex in Chihuahua, two established underground mining operations with

significant infrastructure, exploration upside, and district-scale land positions. The Company is restarting

Cusi in H2 2026, positioning Silverco to become a significant primary silver producer in the Americas in

the near term.

Led by an experienced management team with a proven track record in mine development, operations,

and capital markets, Silverco is focused on creating long-term shareholder value through disciplined

growth and responsible mining practices, with a goal of becoming a 10-million-ounce per year silver

equivalent producer within three years. Silverco's common shares trade on the TSX Venture Exchange

under the symbol "SICO" and on the OTCQB under the symbol "SICOF". More information on the

Company and its projects can be found at

www.silvercomining.com

.

On Behalf of the Board of Directors

"Mark Ayranto"

Mark Ayranto, President & CEO

Email:

[email protected]

For further information, please contact:

Investor Relations & Communications

Email:

[email protected]

www.silvercomining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Cautionary Statement and Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable securities

laws, including statements regarding the stock option and restricted share unit grants described herein

and any required approvals under the policies of the TSX Venture Exchange. Forward-looking

information is based on management's current expectations and assumptions and is subject to known

and unknown risks, uncertainties and other factors that could cause actual results to differ materially

from those expressed or implied by such forward-looking information. Readers are cautioned not to

place undue reliance on forward-looking information. The Company undertakes no obligation to

update or revise any forward-looking information, except as required by applicable law.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/312105